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tax code. this is absurd to be talking about taxing more when we have absolutely no ability as a country to get ahold of our spending. this is really just the equivalent of going through the canuckss and the sofa to get more change. the problem with sales tax is they're ensiddious. i believe they're insidious. they never go away. this is the difference between pro business and pro market. if you are against the stacks, you are for pro business as opposed if you are against this tax, you are against pro market force, it seems to pe, which it tends to favor the individual consumer. >> let me get your take on this, gentleman, brian bieron. if you want to lower the playing field, let's lower the sales tax. up with of the points senator cruz said, is a good point we're so far behind, historic averages, a job staff of 10-12 million. a ge gap of 3 trillion dollars, why would we want to increase tax at all on anybody? >> you know, larry, that's a great point there is no question that increasing tax bur
tax code. this is absurd to be talking about taxing more when we have absolutely no ability as a country to get ahold of our spending. this is really just the equivalent of going through the canuckss and the sofa to get more change. the problem with sales tax is they're ensiddious. i believe they're insidious. they never go away. this is the difference between pro business and pro market. if you are against the stacks, you are for pro business as opposed if you are against this tax, you are...
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May 6, 2013
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>> of course, they are taxed. as you said before, the use tax is owed by us customers. but a sales tax is something altogether different. a sales tax is where new york, california, want to force you to pay their tax whether you collected it or not. so far the constitution and supreme court have said that the state patch work of sales tax systems is an unreasonable burden on interstate commerce. that's why they can't collect it today and they're begging congress to let tax auditors have unprecedented powers over interstate commerce. >> haven't they kind of had a free ride near the likes of ebay and amazon for a while, steve? doesn't it level the playing field? best buy has to obviously, you know -- >> not even close. think about it right now. amazon already collects for over half of the united states. because they have distribution centers in so many different places. when people start to pay tax in a brand-new state, it happened in california last september, well, people didn't leave amazon. they didn't buy on amazon to avoid sales tax. they buy on samazon for choice an
>> of course, they are taxed. as you said before, the use tax is owed by us customers. but a sales tax is something altogether different. a sales tax is where new york, california, want to force you to pay their tax whether you collected it or not. so far the constitution and supreme court have said that the state patch work of sales tax systems is an unreasonable burden on interstate commerce. that's why they can't collect it today and they're begging congress to let tax auditors have...
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May 2, 2013
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here we are talking about raising taxes in an area of the world where taxes are already very high. so no wonder this had a contractionary effect. >> contractionary effect is central banker speak for a decline in the economy. draghi went on to say that now that the emergency has passed, maybe they can keep cutting spending and also cut taxes at the same time. maria? >> so, michelle, is this the same discussion, basically, we're having in the united states, spending cuts or tax increases in terms of getting your arms around the debt and deficits? >> doesn't it feel so similar, maria? everybody's having this -- how do you best juice the economy, where does the money go? do you raise taxes so the government can spend more or do you give taxes to individuals so they spend more in the private economy? >> what do you say we talk about that right now. good idea, michelle? >> sure! >> all right. stay there. we're joined here at the new york stock exchange, howard dean, former presidential candidate, former governor of the state of vermont, we could go on and on. >> former, former, former. >
here we are talking about raising taxes in an area of the world where taxes are already very high. so no wonder this had a contractionary effect. >> contractionary effect is central banker speak for a decline in the economy. draghi went on to say that now that the emergency has passed, maybe they can keep cutting spending and also cut taxes at the same time. maria? >> so, michelle, is this the same discussion, basically, we're having in the united states, spending cuts or tax...
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May 7, 2013
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bill which requires online retailers to tax customers and send that tax to the state in which they live easily passed the senate last night, but the bill could face tough challenges now in the house. representative steve danes is a republican and joins us live on no sales tax and representative david killner is a democrat from washington and he's a co-sponsor of the bill in the house. congressmen, thank you for joining us on cnbc. >> good morning. >> congressman danes, this passed so easily with bipartisan support in the senate and why would you oppose it in the house? >> they're two democratic senators in the senate voted against that bill in the senate. i've been in business for 28 years and one of the fastest ways to slow down growth and innovation is to tax it and regulate it. this is a $23 billion tax increase coming right out of the pockets of hardworking american families and men and women and it will add a regulatory burren. there are tax jurisdictions that they will have to comply with if this bill is passed. >> it's probably important to note as the front page of "usa today" p
bill which requires online retailers to tax customers and send that tax to the state in which they live easily passed the senate last night, but the bill could face tough challenges now in the house. representative steve danes is a republican and joins us live on no sales tax and representative david killner is a democrat from washington and he's a co-sponsor of the bill in the house. congressmen, thank you for joining us on cnbc. >> good morning. >> congressman danes, this passed...
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May 1, 2013
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let's get rid of the tax increases on both sides, the payroll tax cut, and bush tax cuts. let's go back to the former level of government spending. and what i want to do, i want to have a plan to not cut government spending until we get to 6.5% unemployment. >> you know what, i think -- look -- >> rolling back. >> -- the term "cutting government spending" is a misnomer. these are reductions in the rate of growth of government spending. that's all they are. and those reductions come to roughly $65 billion for the entire 2013 year. that's all it is. the federal reserve, meanwhile, is pouring $1 trillion into the economy, roughly, for 2013. so i think the fed is right, they are covering it. i'm worried about low inflation. these are not real spending cuts, steve liesman. that's only thing i'm saying. don't be duped by those accounting -- they're just lower -- >> government spending fell in 2010 and 2012. outlaying were down on a year over year basis in two of the past three years. >> i beg your pardon, real spending has slowed substantially. there's no question about that. bu
let's get rid of the tax increases on both sides, the payroll tax cut, and bush tax cuts. let's go back to the former level of government spending. and what i want to do, i want to have a plan to not cut government spending until we get to 6.5% unemployment. >> you know what, i think -- look -- >> rolling back. >> -- the term "cutting government spending" is a misnomer. these are reductions in the rate of growth of government spending. that's all they are. and those...
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is it all payroll tax? sooner or later we had to let that thing lapse if we're going to have social security, right? >> you're absolutely right. this is part of the process. i think we're going down the fiscal austerity path too quickly. we still have to go down it, but going down it very quickly. i think the payroll tax hike is doing the most damage. but i do think that the higher taxes on upper income households will have an impact. it'll be small and not nearly to the size of the payroll tax hike. i think most of what we're seeing now is the payroll tax hikes effects. you can see it in the retail sales numbers and now in employment. >> before we let you go, fhfa, your name was on the list, another guy got the job, what happened? >> well, i've got a great job. i get to talk to you twice a month. >> i wouldn't put you on the spot. i would just -- >> let me say this, congressman watt, he's a very experienced legislator, he's a nice guy and i wish him the best. he's going down a tough path. >> i don't know.
is it all payroll tax? sooner or later we had to let that thing lapse if we're going to have social security, right? >> you're absolutely right. this is part of the process. i think we're going down the fiscal austerity path too quickly. we still have to go down it, but going down it very quickly. i think the payroll tax hike is doing the most damage. but i do think that the higher taxes on upper income households will have an impact. it'll be small and not nearly to the size of the...
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taxes so florida families don't pay more in taxes. the average florida family has one of the lowest taxes out of their pocket in the country, i want to keep it that way. >> okay. i think we understand it a little better and thank you for explaining. >> all right. rubbing it in our face today. do you want us to come down there? >> absolutely. you need to move your show down here. everybody's moving to florida. it's a great state. >> orlando's right there. go to universal. >> go to disney world, universal studios -- >> we prefer universal. >> we're universal fans. >> we could stop at disney on our way to universal. appreciate it. thank you. >> when we come back, one of the founders of online advertising gives us an update on the state of the ad business and how migration of content to the web is helping profits. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment ma
taxes so florida families don't pay more in taxes. the average florida family has one of the lowest taxes out of their pocket in the country, i want to keep it that way. >> okay. i think we understand it a little better and thank you for explaining. >> all right. rubbing it in our face today. do you want us to come down there? >> absolutely. you need to move your show down here. everybody's moving to florida. it's a great state. >> orlando's right there. go to universal....
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> it's may day, and the celebrations are in full force around the world. we were showing you pictures from greece earlier, but there are also big crowds gathering in the capital of moscow, as you can see. again, may day the traditional day to celebrate labor around the world, but again, especially in the eurozone, where we've been celebrating kind of -- or i should say, denoting the lack thereof. so interesting to see what the tone will be like across russia, but in moscow, a decent crowd, i'd say, showing. i wish i could read russian so i could tell you what the signs they're carrying say. ross, wouldn't you be here with your knowledge of russian? >> no idea. >> one of our viewers will tell us. >> yeah. >> we'll crowd-source it. >> yeah. it's -- i'll talk about may day later. >> are you declaring -- >> in the uk context. in term
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> it's may day, and the celebrations are in full force around the world. we were showing you pictures from greece earlier, but there are also big crowds gathering in the capital of moscow, as you can see. again, may day the...
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congress wants to burn down the small businessman to save him from taxes, even when the taxes only apply to the large competition. now, we have since seen the resolution of the fiscal cliff, what the stockmarket looks like without washington's medley, it's produced the greatest rally in 60 years. this is what it looks like without washington. it is true, the federal reserve is keeping rates low. i don't mind ann a bountiful environment, i don't know about you. the biggest thing is tax receipts that nullified washington and allowed the economy to flourish. be grateful as long as the bethen gridlock lasts. it's the secret ingredient yent to this amazing ongoing bull market. mike in new york, mike! >> caller: boo-yah, jim. on ebay/pay pal investor wanted to know your thoughts on the bill passed in the senate cornering the online sales tax. jim, is ebay up today because this bill might get through the house? >> i don't think the nature of the shouse nothing is supposed to get through i. it's like protect this house, like the baltimore ravens, nuggets through it. i will tell you, ebay is a go
congress wants to burn down the small businessman to save him from taxes, even when the taxes only apply to the large competition. now, we have since seen the resolution of the fiscal cliff, what the stockmarket looks like without washington's medley, it's produced the greatest rally in 60 years. this is what it looks like without washington. it is true, the federal reserve is keeping rates low. i don't mind ann a bountiful environment, i don't know about you. the biggest thing is tax receipts...
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i think it's even more than the payroll tax cut. they're worried about the sequester really undermining the economy as we move into the summer. and i just think that, you know, the fed chairman is trying to get congress to -- i think the fed wants to be, you know, kind of rowing in the same direction across both monetary and fiscal policy. and so i do think he is trying to get more attention from policymakers in terms of fiscal policy and the risk that it's posing for the economy. >> yeah, for sure. so ken, if the fed begins to wind down all of the stimulus, walk us through the consequences of that. does that mean that we see a selloff in stocks? >> well, i think what you see is clearly you don't see as much money moving into the stock market. we're starting to see more and more flows into the equity space recently from investors. and i think you'll probably see less of that. i think when they back off the qe, that means that more of the deficit that the federal government has, you know, needs to be met by, you know, investors, regu
i think it's even more than the payroll tax cut. they're worried about the sequester really undermining the economy as we move into the summer. and i just think that, you know, the fed chairman is trying to get congress to -- i think the fed wants to be, you know, kind of rowing in the same direction across both monetary and fiscal policy. and so i do think he is trying to get more attention from policymakers in terms of fiscal policy and the risk that it's posing for the economy. >>...
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end tax hikes. maybe that has something to do with it. that's why i wonder. even though the internet sales tax, that would still be levied on consumers. is this the time to be raising taxes anywhere? >> well, you know, theoretically, although most people don't pay it. when you buy online you pay the state tax where you are. >> new jersey has done that. new jersey has gotten aggressive. you have to sign off in your state taxes. >> better not to buy on the internet. >> it's a total pain. i wish they would just collect it online. >> if you do it, then the financial consequence is no different. it's just who collects it, which is the point you make. and i think that's probably accurate. but to joe's point, i think frankly most economists indicate the austerity the europeans imposed was austerity. >> that was tax hikes. >> it was all tax hikes. >> in europe they raised them all over the place. in france they went crazy. >> we have not gone crazy, that's for sure. >> we suspended for a couple of years. th
end tax hikes. maybe that has something to do with it. that's why i wonder. even though the internet sales tax, that would still be levied on consumers. is this the time to be raising taxes anywhere? >> well, you know, theoretically, although most people don't pay it. when you buy online you pay the state tax where you are. >> new jersey has done that. new jersey has gotten aggressive. you have to sign off in your state taxes. >> better not to buy on the internet. >>...
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and you're right, it is a straight up the top tax just like the old liquor taxes on excises centuries ago. and it does have a tremendous impact on our business. and it inhibits our ability to invest in futures r&d. so, yes, it is a big negative for us. >> can you give me an example? what do you think it's hurting in terms of the innovation that we could be receiving if not? >> well, you know, the president announced this big initiative about brain imaging. at siemens, we make the best brain imaging there is. this tax, it's a little like if we were interested in sequencing the human gee nom, putting a tax on super computers. >> we have just lost that signal that is really upsetting. >> we'll get it back. >> greg, thanks so much for joining us. >> well, let's see. we're efforting. >> we're estimating? >> yeah. you know better than to give up on that. >> greg, go ahead. >> oh, no problem. it sounds like somebody really doesn't want to hear me talk about this. what i was saying is there's this big brain imaging initiati initiative. and to put a tax on the machines that help us do the imag
and you're right, it is a straight up the top tax just like the old liquor taxes on excises centuries ago. and it does have a tremendous impact on our business. and it inhibits our ability to invest in futures r&d. so, yes, it is a big negative for us. >> can you give me an example? what do you think it's hurting in terms of the innovation that we could be receiving if not? >> well, you know, the president announced this big initiative about brain imaging. at siemens, we make...
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and the flattening of the tax code? so that the tax code is less a part of our economy in the future than it is today? >> so what the president has put forward is he's put forward both a long-term entitlement savings agenda. he's also put forward a couple of measures that he feels would be smart tax reform, that would basically have tax expenditures capped at 28% for everyone. but what the president has said all along is that what's important is that we have a tax reform process that raises that amount of revenue, that raises revenue to help reduce the deficit, and meets his fairness goals. that's what the president's put forward, but he understands that if we work together, democrats and republicans, maybe another idea comes forward, but he feels it's an idea that needs to be a type of tax reform that's consistent with his principles of contributing to deficit reduction and honoring the progressivity of our tax code as it is right now. >> so, gene, what is this tour, the president's tour going to mean for job creation?
and the flattening of the tax code? so that the tax code is less a part of our economy in the future than it is today? >> so what the president has put forward is he's put forward both a long-term entitlement savings agenda. he's also put forward a couple of measures that he feels would be smart tax reform, that would basically have tax expenditures capped at 28% for everyone. but what the president has said all along is that what's important is that we have a tax reform process that...
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california collected $4.5 billion more in income taxes than it projected. the good news is that all those tax dollars, they're shrinking the deficits. the federal budget deficit, expected to be more than $800 billion, but now it could fall below $700 billion. the bad news is that all this income that the rich moved into 2012 may not be repeated in 2013. you could read more on cnbc.com. >> all i'm going to say is thank goodness for all those millionaires and billionaires the, right? >> that's right. they're helping the deficit. >> well, everybody sold, like you said, all the dividends got hiked. that's probably while apple partly is down. >> the question with all these great stock markets, all the wealth being created and all the incomes being generated at the top, the question is we might see that repeated somewhat in 2013. >> thank you very much, robert frank. coming up next, cider house rules. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only nati
california collected $4.5 billion more in income taxes than it projected. the good news is that all those tax dollars, they're shrinking the deficits. the federal budget deficit, expected to be more than $800 billion, but now it could fall below $700 billion. the bad news is that all this income that the rich moved into 2012 may not be repeated in 2013. you could read more on cnbc.com. >> all i'm going to say is thank goodness for all those millionaires and billionaires the, right?...
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you're taxed on the creation and then you're taxed -- >> they have put it into stuff after making it and paying tax. >> that's the capital gains issue. >> difficult deposition and what's the right rate for capital gains. what's the optimal rate. >> what would you like to see? >> we'll sneak in a break and continue the conversation. >> it's only an hour. you have to agree to another hour. coming up, more from our special guest -- because we don't have time -- ronald perelman, columbia business school dean glenn hubbard. ecb cut interest rates for the first time in 10 months. things are going swimmingly. president mario draghi was channeling trichet. oh, liesman is out there listening. steve, have you heard anything that you need to tell us right now or are you going to tease it? >> just a couple points, joe. draghi is saying it is broadly balanced. might be a clue he's not going to do too much more in the way of rate cuts. he is saying there is a bunch of liquidity under discussion, including helping the asset-backed security market for small, medium sized companies. bottom line, they
you're taxed on the creation and then you're taxed -- >> they have put it into stuff after making it and paying tax. >> that's the capital gains issue. >> difficult deposition and what's the right rate for capital gains. what's the optimal rate. >> what would you like to see? >> we'll sneak in a break and continue the conversation. >> it's only an hour. you have to agree to another hour. coming up, more from our special guest -- because we don't have time --...
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. >> my last vote in december to raise taxes. we imposed two cents that had been taken off the social security payroll base. that was agreed to before. that that's. >> that has no negative effect on the economy. it is also the case that it is the wrong time now to be doing the deficit reduction, though. i want to see a year from now. i wanted to be in america's wildly overextended overseas involvement. but, if we continue now to make the kind of cuts in spending we are nutritioning and we just did tax increases, that's what is slowing down the overall economy. >> it's good to see you. >> thank you. >> thank you. >> it may be the largest bank robbery in history. scott is on the case. scott? >> a huge heist. but without a gun or a mask. this is bank robbery 21st century style. we will tell you how he pulled it off next. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and ex
. >> my last vote in december to raise taxes. we imposed two cents that had been taken off the social security payroll base. that was agreed to before. that that's. >> that has no negative effect on the economy. it is also the case that it is the wrong time now to be doing the deficit reduction, though. i want to see a year from now. i wanted to be in america's wildly overextended overseas involvement. but, if we continue now to make the kind of cuts in spending we are nutritioning...
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tax returns. so it's very attractive for the money manager to create it. >> warren, do you mind if we slip in a quick break. >> i think you should have a commercial. >> when we come back, much more from warren buffett right after this break, including his thoughts on the railroads and jc penney. and microsoft chairman bill gates will be joining our conversation. everything from the third anniversary of flash crash to the future of microsoft. we'll cover it all when "squawk box" returns. >>> welcome back to a special edition of "squawk box" live from omaha with warren buffett. here now becky quick. >>> good morning again, everyone. we're joined this morning by warren buffett, chairman and ceo of shire hathaway. we have been talking about some of the things that happened over the weekend. we have not talked much about the railroads to this point. when you look at burlington northern, where are in terms of carloads coming back. >> we're running 185,000 cars a week. the peak comes in the fall. my gues
tax returns. so it's very attractive for the money manager to create it. >> warren, do you mind if we slip in a quick break. >> i think you should have a commercial. >> when we come back, much more from warren buffett right after this break, including his thoughts on the railroads and jc penney. and microsoft chairman bill gates will be joining our conversation. everything from the third anniversary of flash crash to the future of microsoft. we'll cover it all when...
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they're supposed to pay tax on online purchases when they file their state tax returns but almost never do. experts vow they're change their buying habits. the bill faces tough opposition in the house where republicans see it as a tax increase. back to you. >> have a good day there stateside. meanwhile, a new survey finds companies under so much pressure to meet growth targets that many are resort to go cooking the books. in its annual report, ernst & young says 36 countries, 20% say they've seen some type of accounting manipulation in the past year. .42% of board directors and top managers say they're aware of irregular financial reporting. nearly 10% of employees say their companies understated costs, overstated revenue or used unethical sales tactics. re nst & young says companies are under pressure to increase performance. >>> hsbc nearly doubles its pretax profit in q1 and shares rally. european bank stocks helping the dax for a record high. plus, the rba cuts its benchmark rates on all-time low 2.75%. >>> and microsoft does a u-turn on windows amid a continued slump in pc sales. s
they're supposed to pay tax on online purchases when they file their state tax returns but almost never do. experts vow they're change their buying habits. the bill faces tough opposition in the house where republicans see it as a tax increase. back to you. >> have a good day there stateside. meanwhile, a new survey finds companies under so much pressure to meet growth targets that many are resort to go cooking the books. in its annual report, ernst & young says 36 countries, 20% say...
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they can play with the tax differential. the gaming tax is 39%. the gaming tax for vip revenue he can get more of a rebate if he chooses to gamble. >> certainly not stopping the cow from being a boom center. thank you very much. >> thank you guys. >> no business is as rough and tough as cut throw as the restaurant business. >> more people are trying out joe's crab shack for the first time. pizza hut is owned by yum brands. >> the parent company of chillies. they are simple and easy to produce. that's a nice thing. but will it matter for the stock? >> you know, i think so. the key i think for any of these restaurant companies is how good is the experience and do customers find it compelling? i think maggiano's is one of the best in the industry and actually doing a much better job which is why the trends have been so good. another company you like like buffalo wild wings is trading at a fairly good discount. how under valued do you believe it to be? >> you know, we have got a target price that is probably about roughly 15% higher than where the sha
they can play with the tax differential. the gaming tax is 39%. the gaming tax for vip revenue he can get more of a rebate if he chooses to gamble. >> certainly not stopping the cow from being a boom center. thank you very much. >> thank you guys. >> no business is as rough and tough as cut throw as the restaurant business. >> more people are trying out joe's crab shack for the first time. pizza hut is owned by yum brands. >> the parent company of chillies. they...
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. on the street" opening bell set to ring in 90 seconds. the big story here is t-mobile, guys. the combination of t-mobile and metro pcs, 3 million customers, wireless customers and we'll get some sort of bell or ringing tone before we actually get the opening bell themselves. >> i like that girl on the motorcycle. i enjoy her. >> are you talking about the attorney general of california? >> i like the speed of the network. i don
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about...
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senate bill would force states that have sales taxes to levy those taxes in states where it
senate bill would force states that have sales taxes to levy those taxes in states where it
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. >>> plus what would a new internet sales tax mean for giant retailer amazon? we'll tell you why the company did a 180 throwing its full support behind the bill. that's coming up. with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. â
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May 2, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com shares of shell have risen 52% since july 2009. to be fair, that was pretty much the market bottom. as you can see there, about a 52% since that increase period for both. today, shell shares -- it's like she sells sea shells -- shell shares are up by about 2%. >> meanwhile, seemans has cut its outlook for the year despite a 20% jump in profits. it rose 12% from a year ago. the company says it in and out expects its income to be at the low end of 4.5 to 5 billion euros. >> let's take a look at bw now. slowing growth and heavy investment take a toll on that company's earnings. the german carmaker reported net profits of about 1.3 billion in the first quarter. still, the company is confident about the outlook and says profit margins are likely to be in the range of 8% to 10%. the impact that's heavy on shares being
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com shares of shell have risen 52% since july 2009. to be fair, that was pretty much the market bottom. as you can see there, about a 52% since that increase period for both. today, shell shares -- it's like she sells sea...
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May 2, 2013
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also talking about financial taxes, financial transaction taxes he called them screwy. and he said he finished washington. that biography, and he liked it. >> some very interesting comments. thank you very much for wrapping them up. we're going to go for a quick break. we're going to be back. the markets are going gang busters by the way. >> the s&p 500 hitting a new all time high. but all the action is really in tech today. >> 119,000 on the adp report. if you look at the private sector job creation it's considerably higher. that's a little bit worrisome. you might ask yourself to put up the industrials. we can add and subtract to them. you will notice that the market intended to go up. this is when the federal reserve conducts its permanent operations. a lot of traders believe that this does have some kind of effect. it's a controversial issue but a lot of traders believe that. health care up. you mentioned tech. >> rick, thank you very much for being patient and waiting. we have been talking a lot about growing the pie for everyone, right? >> yes. >> and maybe the mo
also talking about financial taxes, financial transaction taxes he called them screwy. and he said he finished washington. that biography, and he liked it. >> some very interesting comments. thank you very much for wrapping them up. we're going to go for a quick break. we're going to be back. the markets are going gang busters by the way. >> the s&p 500 hitting a new all time high. but all the action is really in tech today. >> 119,000 on the adp report. if you look at the...
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May 3, 2013
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>> so, certainly the payroll tax going away, tax increase is going in on january 1st and the sequester, all of that is a fair amount of fiscal contraction. that is a drag on growth, no doubt, in this year. you know, the big picture on fiscal policy, you know, i wish we'd be doing smarter fiscal policy. we need to be taking some serious measures, like entitlement reform, like tax reform, to deal with those numbers as we go forward. it doesn't have to be this year. not when the economy is still in a precarious position. we could, in fact, be doing war infrastructure investments. good things to spur growth now. but as part of a package that absolutely has fiscal contraction as you move through the next five to ten years. >> all right. christina, nice to have you on the program. thanks very much. >> sure. great to be with you. >> christina romer joining us slow but steady. up next, bob doll on whether the marmgs are looking for gradual rather than strong growth rnts and unmanned vehicles or drones are known for destroying, not creating. they do create jobs, plenty of them. coming up, insid
>> so, certainly the payroll tax going away, tax increase is going in on january 1st and the sequester, all of that is a fair amount of fiscal contraction. that is a drag on growth, no doubt, in this year. you know, the big picture on fiscal policy, you know, i wish we'd be doing smarter fiscal policy. we need to be taking some serious measures, like entitlement reform, like tax reform, to deal with those numbers as we go forward. it doesn't have to be this year. not when the economy is...
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May 1, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> well, it's a down day for the markets, but certainly several earnings reports names are looking up. let's get to josh lipton, he has the postscript on some of these names and preview on others. josh? >> maria, lots of earnings reports. let's review some of the highlights here, humana, enjoying a nice move today. the health insurer, better than expected first quarter earnings. also, boost 2013 guidance. that stock, up some 13% so far
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're...
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May 7, 2013
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was billed for unpaid taxes, although he never went to bill. hill said she planned to pay her taxes, but shep didn't have the money after she left the music business. she also supports her six children. now, the judge was unmoved, saying, quote, she doesn't deserve a get out of jail car. back to you, maria. >> that's amazing, robert. once she gets out of prison, the 37-year-old lauryn hill may want to get her financial future in order, that's for sure. we'll turn to bob pisani on that matter. he joins me along with matt hoeven who has an insights on etf portfolios for people approaching 50. and this is something blackrock's larry fink was talking about earlier in the show. i could not believe that the average guy and gal out there, who is looking toward rir retirement, so in their 40s, has only $25,000 saved. that's crazy! >> i think 55-year-olds are probably a little higher. cnbc is proud to unveil our new series of model retirement portfolios, it's three separate portfolios designed to help you invest in stocks and bonds and commodities aroun
was billed for unpaid taxes, although he never went to bill. hill said she planned to pay her taxes, but shep didn't have the money after she left the music business. she also supports her six children. now, the judge was unmoved, saying, quote, she doesn't deserve a get out of jail car. back to you, maria. >> that's amazing, robert. once she gets out of prison, the 37-year-old lauryn hill may want to get her financial future in order, that's for sure. we'll turn to bob pisani on that...
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May 2, 2013
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>> this is the one of raising taxes. >> he went on to say a decline. and now they can cut spending and cut taxes. >> that remains to be seen, right? >> no question. >> they were cutting back on working because it wasn't worth it to do the increase their personal output because so much of it was being taken away. >> that's a horrible situation. thank you so much. i will see you again in just a little bit. current trade is up just about four, almost five% now. the shares opened at 1925 before rallying. and it will change its name to voya financial. >> intel up 18% since announced that he would step down and that was last november. better than expected results in europe as well. it hopes to break even in europe. where it has reported 13 straight years of losses. you may recall the new gm went public at $33 a share. >> coming up next, the government's hunt for a whale. sac capital. bethany just wrote a new piece for vanity fair. lloyd is on. he's up in just about 18 minutes. before the break, check out these hitting an all time high. up 6.25% at 176.39. om
>> this is the one of raising taxes. >> he went on to say a decline. and now they can cut spending and cut taxes. >> that remains to be seen, right? >> no question. >> they were cutting back on working because it wasn't worth it to do the increase their personal output because so much of it was being taken away. >> that's a horrible situation. thank you so much. i will see you again in just a little bit. current trade is up just about four, almost five% now....
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May 8, 2013
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they're going to bring the deferred tax asset back on. the book value is going to be substantially higher. >> you know, it's interesting, if we can throw up yet again the intraday chart there of the stock. that's what happens i guess when you have one of the top producing hedge fund managers come on and talk about a stock, which has just absolutely popped on this conversation. guys, what -- >> we talk about these housing and home builders all the time. >> love them. i agree with you. i think beazer's probably one with the most oomph right now. how about the materials space. do you get involved with that? if you're talking about housing, do you look at the materials? the xlb has been extremely active in the options world. just the last couple of days. and we're seeing that move to the upside as well. >> yeah, we actually look at the building supply companies. with commodities coming back off globally, that's a cost of goods sold for these eyes. their cost of items is actually lower now. we think the profitability on some building supply co
they're going to bring the deferred tax asset back on. the book value is going to be substantially higher. >> you know, it's interesting, if we can throw up yet again the intraday chart there of the stock. that's what happens i guess when you have one of the top producing hedge fund managers come on and talk about a stock, which has just absolutely popped on this conversation. guys, what -- >> we talk about these housing and home builders all the time. >> love them. i agree...
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May 1, 2013
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nine, taxes going higher. sell stocks fast. and ten, earnings aren't so hot, sell, sell, sell. how was that? was it good? now, why don't i come out here and do this every night? it may be a continuous loop. maybe do it down here, make it a little interesting. how come i don't want to sound smart, too? particularly on a down day i could be so smart? how about because i'd rather be right than merely sound smart. i say use this down day for a little primer. explain why i don't subscribe to the orthodox. first, you know that all ten of these reasons to sell could have been mouthed for the last 4,000 dow points? that's right. 4,000 points ago. sell, sell, sell, sell, sell, sell. dow 14,700, let's see, all those -- 10 of those pearls of wisdom that could have been said by me any day i chose for the last three years. i could please many of the critics who don't like i say i like certain stocks and i think they should be bought simply by coming out here and mouthing one of those saintslike utterances. i could get my reputation back! you know what that would mean? i could have more frie
nine, taxes going higher. sell stocks fast. and ten, earnings aren't so hot, sell, sell, sell. how was that? was it good? now, why don't i come out here and do this every night? it may be a continuous loop. maybe do it down here, make it a little interesting. how come i don't want to sound smart, too? particularly on a down day i could be so smart? how about because i'd rather be right than merely sound smart. i say use this down day for a little primer. explain why i don't subscribe to the...
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May 9, 2013
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business wanted lowered corporate taxes and we have cut our rate of corporation tax down to 20%. business want their personal taxes. we've addressed that issue. business wanted our planning system reform. easier to build, easier to expand. we cut our planning guidance from a thousand pages down to just 50. business said run more trade missions in the fastest countries in the world partnership personally led trade missions to every single g-20 country apart from argentina. but instead of making that speech, which is absolutely true, absolutely right, and easily made, i thought today instead i would just download, if you like, the five things at the top of my mind about how we get economic policy, how we get trade policy, how we get investment right. so less of a speech, more of a download. first, countries like britain should be absolutely clear about playing to our strengths. one of our strengths we should be clear about is finance and the city of lopped. and i think it's clear that this is an industry where we have a massive international global advantage and we should be proud
business wanted lowered corporate taxes and we have cut our rate of corporation tax down to 20%. business want their personal taxes. we've addressed that issue. business wanted our planning system reform. easier to build, easier to expand. we cut our planning guidance from a thousand pages down to just 50. business said run more trade missions in the fastest countries in the world partnership personally led trade missions to every single g-20 country apart from argentina. but instead of making...
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May 6, 2013
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. >> your online tax holiday may be over. it's supposed to force online retailers to collect sales tax. ebay wants that raised to 10 million. and the bill could face opposition in the house. so who knows. >> amazon, any trades here? >> they've done test march can hes, based on where they are collecting sales tax. it really has had zero impact on it. so if you're going to be selling amazon on this news i wouldn't be thatfy. >> google glass. cool. discrete. you could be online and nobody would notice. a tech correspondent demonstrates. >> you toggle through the menu like this. >> yeah that's pretty cool. >> it's great because no one knows you're doing it. >> that's from saturday night live. of course the funny part what is when he sdintsly accesses porn. i have yet to see any of them out and about. i have not seen one pair out on the street. >> closet glass users. >> wearable computers. the sign that the apocalypse is upon us. like right? >> they got to get rid of the seizure move to stop your computer. >> it's a dorky look on
. >> your online tax holiday may be over. it's supposed to force online retailers to collect sales tax. ebay wants that raised to 10 million. and the bill could face opposition in the house. so who knows. >> amazon, any trades here? >> they've done test march can hes, based on where they are collecting sales tax. it really has had zero impact on it. so if you're going to be selling amazon on this news i wouldn't be thatfy. >> google glass. cool. discrete. you could be...
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and then the slowing export sector would mean that the tax ref knew would be reduced. all in all, i'm not surprised if they run slightly higher than the assumed budget deficit for 2013. >> what should we think of inflation at 8.5%. >> inflation? >> yes. i mean, should we be -- worried about it? it's a high level compared to what we're seeing in europe, but a low level compared to other emerging market economies. >> definitely. i mean, there is a key effect, for example, the fuel price increase does not affect transportation price, but all other components like food or clothing, because everything is so dependent on transportation and with the lack of road infrastructure and other transportation infrastructure, that will be passed on to consumers. so the natural response would be for the bank of indonesia to start tight.ing the monetary conditions within the domestic economy. >> thank you very much for being with us, enrico, economy for southeast asia at rbs. we appreciate it. >>> moving on, the south korean president is visiting america this week. on tuesday, she'll be
and then the slowing export sector would mean that the tax ref knew would be reduced. all in all, i'm not surprised if they run slightly higher than the assumed budget deficit for 2013. >> what should we think of inflation at 8.5%. >> inflation? >> yes. i mean, should we be -- worried about it? it's a high level compared to what we're seeing in europe, but a low level compared to other emerging market economies. >> definitely. i mean, there is a key effect, for example,...
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mario dragi said they need to cut taxes, not raise them. ben bernanke said fiscal policy in this economy has been a drag, not healthy. do you think as long as they are talking about sequesters and spending cut, greg, they're more likely to spend more time on qe than anything else? does that prolong the period? >> absolutely t. fed is trengd along at 2% instead of 3% because of the austerity in the pipe line. i think they are optimistic we will get b to it by the end of the year. maybe qe would have been tapered off already. >> eia, you said it. remember, that the nonpayroll numbers we got today is below the six month moving average. there is still a lot of concern. i think it was particularly interesting that bernanke mentioned fiscal policy in his discussion. >> interesting. you guys are fought believers. we got triple digit moves in the jobs number, not a lot of believers. >> it's supported by liquidity. i don't think anything has changed in that regard. >> we'll leave it there. thanks, everybody. two minutes before the closing bell sound
mario dragi said they need to cut taxes, not raise them. ben bernanke said fiscal policy in this economy has been a drag, not healthy. do you think as long as they are talking about sequesters and spending cut, greg, they're more likely to spend more time on qe than anything else? does that prolong the period? >> absolutely t. fed is trengd along at 2% instead of 3% because of the austerity in the pipe line. i think they are optimistic we will get b to it by the end of the year. maybe qe...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> xwoogle glass, one editor took it for a test run, liter literal literally. tim stevens is the editor in chief of gadget. he's taken it on the road, on the airport. he talked about how it works if you already wear glasses. tim, it's great to have you. you've written it up. you said in some respects it's both beautiful and elegant. what do you mean? >> it is. i mean, the design overall is nice and simple with this band that runs around the front. in some regards it's simple and elegant, but on other hands it's complicated and clunky. there's a module mahanging off the right side. i'm wearing it now and you can see my coming with this giant thing. >> you say over time, they don't actually sit evenly on your face. >> right. so there's a lot of weight on
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> xwoogle glass, one editor took it for a test run, liter literal literally. tim stevens is the editor in chief of gadget. he's taken it on the road, on the airport. he...
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May 2, 2013
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remember, they were out spending in january and february, but under the pressure of that payroll tax increase, we saw a significant loss in momentum at the end of the quarter. now, at the same time, remember, companies were elated by the idea of a fresh start at the beginning of the year over hiring, over producing, which set us up for an impressive first quarter. but as we found out, the consumer is unable to absorb these heightened levels of production. that sets for a very disappointing second quarter, both in terms of growth and hiring. >> so, let me ask you this. what would move the needle, do you think? >> well, we need -- >> go ahead. >> i think we need to see a very impressive jobs report. we need to see that the march was an anomaly report, coming in under expectations, as we continue to see this above 200 or plus 200,000 jobs report. but if we failed to see that and instead continue this very tepid trend going into the second quarter, that really sets a very dismal tone for the remaining several months. >> what do you think, jeff? >> i just kind of think that, you know, tha
remember, they were out spending in january and february, but under the pressure of that payroll tax increase, we saw a significant loss in momentum at the end of the quarter. now, at the same time, remember, companies were elated by the idea of a fresh start at the beginning of the year over hiring, over producing, which set us up for an impressive first quarter. but as we found out, the consumer is unable to absorb these heightened levels of production. that sets for a very disappointing...
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the rest was tax hikes. they were all front loaded. but i think the big news for the jobs report today for me i'm looking towards is there have been different perspectives on the labor market depending what data item you're looking at. it will be news worth. the the initial claims, for example, are back down to where they were before the crisis. job separations and the jolts data they are looking the lowest they have been in a decade. there are signs that the labor market is starting to turn around. we have this awful martha maybe it was because it was bad weather. maybe it was because march was a turning point. and i think if april comes in 150 or so, we will start to think, okay, the data are kind of returning to normal. but if it comes in back around 80 like it did in march, we will be back where austin is. >> how did we get you? is this your idea? >> you're looking at me like it was my idea? >> it was a joke. we have gotten criticism that msnbc books our economic panel. we have goulsby, sandy, swan, austin. and we always have one m
the rest was tax hikes. they were all front loaded. but i think the big news for the jobs report today for me i'm looking towards is there have been different perspectives on the labor market depending what data item you're looking at. it will be news worth. the the initial claims, for example, are back down to where they were before the crisis. job separations and the jolts data they are looking the lowest they have been in a decade. there are signs that the labor market is starting to turn...
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rate. >> she's paying a higher tax rate. >> incredible. she's not done. she's got a long weekend ahead. just amazing stuff today. monday will be a big day for squawk, as well. we'll talk about jobs all morning long and got to mention linkoid in. shares of the media company down sharply despite quadrupling their earnings and the stock up 52%. the revenue for the quarter, not for the year, the revenue for the quarter forecast is not good. >> i have in my hand a 15-page brief in favor of fabulous forward look at linkedin and there are two lines in this conference call that have destroyed this stock today, and i say they are doing upod. they are underpromising and they will overdeliver. i want to buy linkedin and don't let this yellow line. what do i have to do there? this is the only negative, if page after page after page is premium model terrific, i refuse to be tied down by the one line. i like linked in. they have beaten on revenue since their ipo. isn't it something? >> a new product that will feed into it. >> the facebook news feed is b
rate. >> she's paying a higher tax rate. >> incredible. she's not done. she's got a long weekend ahead. just amazing stuff today. monday will be a big day for squawk, as well. we'll talk about jobs all morning long and got to mention linkoid in. shares of the media company down sharply despite quadrupling their earnings and the stock up 52%. the revenue for the quarter, not for the year, the revenue for the quarter forecast is not good. >> i have in my hand a 15-page brief in...
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May 9, 2013
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pay 35% away in taxes. keep 60%. modest after tax return. there are so many stocks i could list out. you want income, take the debt management arm of kp kpkr. a little bit below book value. tcrd is a credit company. mezzanine lender yields 9%. i could find so many stocks out there that have returns much more attractive than treasuries. at the end of the day, the way a bond adjusts to inflation, assuming higher inflation in time, is it declines in price to keep the yield current. now, historically, the 10-year u.s. government bond has been in line with gdp. if we took a shot and said the next nine years, let's say 2%, maybe 3% in the economy. that's not heroic. frankly, if you get much less than that, you get social issues in the country. worldwide, there's $74 million unemployed youth. we've got to get the economy growing. we'll wind up with social unrest. you you say we have real growth of 2% to 3% that would mean nominal gdp would grow somewhere near 4%. which would mean in three years time, not in a year, in three years time, somewhere in
pay 35% away in taxes. keep 60%. modest after tax return. there are so many stocks i could list out. you want income, take the debt management arm of kp kpkr. a little bit below book value. tcrd is a credit company. mezzanine lender yields 9%. i could find so many stocks out there that have returns much more attractive than treasuries. at the end of the day, the way a bond adjusts to inflation, assuming higher inflation in time, is it declines in price to keep the yield current. now,...
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tax, if europe decided to raise rates, if the chinese communists mandated lower prices for all stocks including those overseas because they're really powerful. none of those things occurred. we've been up a lot. people want to lock in profits. they don't want to give up gains. nobody got hurt taking a profit. stocks went down. it happens. did you know -- it could happen again tomorrow. maybe in the next day. just maybe the sale continues. long sale, it's a buy one, get one. i don't know. it's a lot smarter to shop on days when things are on sale at the mall than when they weren't, as long as not damaged by fire, flood or infestation of moths. don't lament it. a ton of companies reported earnings that were good and their stocks got out of reach. that doesn't mean their companies are less valuable. just the stocks themselves. that's actually making them bargains and maybe, just maybe, we'll get bigger bargains tomorrow. let's go to nathan in california, please. nathan? >> caller: jim. how you doing? >> boo-yah, nathan. >> caller: what an honor. big bull market boo-yah to you. there's a
tax, if europe decided to raise rates, if the chinese communists mandated lower prices for all stocks including those overseas because they're really powerful. none of those things occurred. we've been up a lot. people want to lock in profits. they don't want to give up gains. nobody got hurt taking a profit. stocks went down. it happens. did you know -- it could happen again tomorrow. maybe in the next day. just maybe the sale continues. long sale, it's a buy one, get one. i don't know. it's a...
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news ard world report" california isn't a great place to spend your golden years, based on high taxes and high cost of living. los angeles, oxnard, san diego, san francisco, and san jose all make the list. what are the others? find out in just a second. >>> back now with today's return on retirement. the rest of the cities on the new list are the worst places to retire based on high taxes and high costs. bridgeport, connecticut, new york city, poughkeepsie, new york, washington, d.c. and honolulu. yes, even though you've got the weather, the ocean, food and housing, make it not quite the retyrant it seems to be. chect for a retirement portfolio advice for all ageses action and retirement.cnbc.com for more tips on how to prepare for your golden years. >>> poughkeepsie? what is this the facts of life, going to hang out with blare, attitudi -- that was peakskill. what's in a names -- this is a bizarre story. the fewer letters in your name, the more zeros there are in the paycheck. the a new stilledy, and for some reason somebody is studying, every extra her in a person's first name reduc
news ard world report" california isn't a great place to spend your golden years, based on high taxes and high cost of living. los angeles, oxnard, san diego, san francisco, and san jose all make the list. what are the others? find out in just a second. >>> back now with today's return on retirement. the rest of the cities on the new list are the worst places to retire based on high taxes and high costs. bridgeport, connecticut, new york city, poughkeepsie, new york, washington,...
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we need to address this no different than we're addressing the whole tax policy in america. that we need to have a global forum on how to address retirement in america. etfs are a great vehicle for that, but i'm not here to talk about any one vehicle. >> and i'm glad that you brought it to students. because at this moment in their lives, this is the last thing they're probably speaking about. >> that's what i started in my piece. probably the last thing you're thinking about, but you better start thinking about it now. >> very good point. your firm's influence continues to grow and grow and grow. you've got a voice there, in so much of the corporate governance stories out there. i want to ask you about jpmorgan. black rock is among those that remain undecided about whether jamie dimon should retain the chairman's role. what's keeping you from making the decision, or do you have the decision? >> so i've been very public about corporate governance and we've invested millions of dollars of having an independent proxy team. i've sent out letters to ceos, please talk to us before
we need to address this no different than we're addressing the whole tax policy in america. that we need to have a global forum on how to address retirement in america. etfs are a great vehicle for that, but i'm not here to talk about any one vehicle. >> and i'm glad that you brought it to students. because at this moment in their lives, this is the last thing they're probably speaking about. >> that's what i started in my piece. probably the last thing you're thinking about, but...
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May 6, 2013
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but will the house agree to yet another tax increase on americans? plus, would that really level the playing field for brick and mortar retailers with their competition on the internet? we've got that whole story coming up later on the "closing bell." stay tuned. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. are you still sleeping? just wante
but will the house agree to yet another tax increase on americans? plus, would that really level the playing field for brick and mortar retailers with their competition on the internet? we've got that whole story coming up later on the "closing bell." stay tuned. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find...
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May 1, 2013
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. >> he even referred to a money financed helicopter drop in the money as a tax cut being a drop of money in that speech which helped milton beginning. he was the one who originally said the helicopter drop of money. he has been begging for fiscal stimulus or to do no more harm. >> they can raise the fed funds rating. >> it distorts the overall economy. >> at what point do they say we can't do anything more here? or are they too scare d. >> and basically the fed, although it's informal, is targeting a 5% nom gnat gdp roll. we're not getting what basically monetary policy, not as promised but as tried to deliver. >> i think it's a demand problem, a top line problem. we have seen that in the earning earnings. >> if i'm right and they don't raise rates. >> we're going to do feats of strength. right now we're going to talk about growth. >> 0.8 is the subtraction from the government. if i told you we grew 3.233 in the first quarter, would you be sitting here complaining? >> i'm just saying. >> hold on. you're going to ask me a question, i'm going to answer. >> i'm asking diane why he is at 1.1
. >> he even referred to a money financed helicopter drop in the money as a tax cut being a drop of money in that speech which helped milton beginning. he was the one who originally said the helicopter drop of money. he has been begging for fiscal stimulus or to do no more harm. >> they can raise the fed funds rating. >> it distorts the overall economy. >> at what point do they say we can't do anything more here? or are they too scare d. >> and basically the fed,...
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May 3, 2013
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many have had the taxes increased by the president. and of course it's diminishing returns. i don't understand this one. >> it's -- it seems counter intuitive to me but maybe not to you. >> let's be candid about it. those who are making more money are doing better. they have earned a lot more in this recovery period. their incomes have risen. profits are up. it doesn't surprise me. main street is still suffering. main street still has high unemployment. it doesn't surprise me. i also think that a great deal of the responsibility is congressional inaction. congress has refused to accept the president's offer to dial back some of the sequester cuts. congress refused the idea for an american jobs act that would create jobs, doing something about infrastructure. congressional inaction in congress's numbers are way lower than the president's. >> congress doesn't create jobs. it's the free economy. >> well, here is what i think. they all create jobs. >> and that's the last word, folks. thank you very much. good to see you every month. have a great weekend. >> pleasure. >> speaks o
many have had the taxes increased by the president. and of course it's diminishing returns. i don't understand this one. >> it's -- it seems counter intuitive to me but maybe not to you. >> let's be candid about it. those who are making more money are doing better. they have earned a lot more in this recovery period. their incomes have risen. profits are up. it doesn't surprise me. main street is still suffering. main street still has high unemployment. it doesn't surprise me. i...
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May 2, 2013
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bob mentioned what's essentially a tax cut for everybody. crude oil, down 4% and now net gas inventories, sharon with that. hey, sharon. >> hey, carl, we saw natural gas prices that hit a fresh high in 2011 in the previous session only to lose ground. today, we're getting report from the energy department storage sh showing natural gas supplies rose by 43 qb feet and natural gas supplies in the last week, above the consensus estimate looking for a rise of 28-32 bcf according to analysts. the result is a further sell-off in natural gas prices, natural gas off by more than 15 cents right around $4.17. the fact we have below normal temperatures in texas and the southwest in the forecast is not enough to support prices here. a lot of traders looking at the fact this build in natural gas supplies is less than the five-year average but greater than expectations and greater than what we saw year ago. still plenty of natural gas out there and nre looking at it coming off 16 cents as we speak. $14.16 is the natural gas price. thank you. >> thank you,
bob mentioned what's essentially a tax cut for everybody. crude oil, down 4% and now net gas inventories, sharon with that. hey, sharon. >> hey, carl, we saw natural gas prices that hit a fresh high in 2011 in the previous session only to lose ground. today, we're getting report from the energy department storage sh showing natural gas supplies rose by 43 qb feet and natural gas supplies in the last week, above the consensus estimate looking for a rise of 28-32 bcf according to analysts....
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May 9, 2013
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taxes. last week senator rockefeller pressured the billionaire into refunding u.s. taxpayers $4 million for dealing with two other incidents. on tuesday he wrote again to arison and his two biggest rivals requesting more information on passenger safety, security and health practices. "the cruise industry enjoys many advantages operating out of the united states, but the advantages to american consumers and taxpayers are less clear," said the senator. jay rockefeller continued, the responses will help congress make sure the rules governing the cruise industry provide passengers with a safe and comfortable traveling experience that they expect and deserve instead of giving the companies a free pass at taxpayers' expense." mickey arison last week. carnival is promising to spend hundreds of millions of dollars upgrading carnival's aging fleet of 101 ships. following that meeting, interestingly bob dickenson left the board. he is a man credited with building the busy into the $28 billion behemoth it is today. "i don't have any specific cruise plans," he told "newsweek,"
taxes. last week senator rockefeller pressured the billionaire into refunding u.s. taxpayers $4 million for dealing with two other incidents. on tuesday he wrote again to arison and his two biggest rivals requesting more information on passenger safety, security and health practices. "the cruise industry enjoys many advantages operating out of the united states, but the advantages to american consumers and taxpayers are less clear," said the senator. jay rockefeller continued, the...
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May 9, 2013
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then the tax, holly cow, then the industrials and the minerals and the oils, now, though, who are the leaders today? they were the speculative stocks. you know what, they're crummy generals. they're prone to be court marshalled. they are easily busted down. what stocks am i talking about? moderate semi conductor that hasn't been able to break out in ages, micron, this plafr stock needs some -- particular stock needs some darning. how about the boston scientific, bsx, it's been trying to crack into the three bs, baxter and barnes and that would be like pa bob seeingert crack into brahm, bethoven and the real army the real navy the real air force were three stocks that we really have to be a lel skeptical about, tesla, the electric car company, green mountain coffee roasters to make with your eggs. not only the vanguard were over the top, they are hated by some of the smartest minds i hear, read about and talk to. yes, the action in tesla, green mounitarian, barnes and mobile, these three stocks represent what i call intellecttual shorts. meaning that the intelligencia that dominates th
then the tax, holly cow, then the industrials and the minerals and the oils, now, though, who are the leaders today? they were the speculative stocks. you know what, they're crummy generals. they're prone to be court marshalled. they are easily busted down. what stocks am i talking about? moderate semi conductor that hasn't been able to break out in ages, micron, this plafr stock needs some -- particular stock needs some darning. how about the boston scientific, bsx, it's been trying to crack...
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May 3, 2013
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when i saw that number a month ago, i was worried about payroll tax hikes having potentially hit the market. then what about the sequester influence as well? today's numbers when you look at the revisions make me feel calmer. money has to find a home. and stocks look pretty good. >> there is good reason to be cautious, right? the spring swoon has been real. the data itself hasn't been good. it's led everybody to expect that today's number wasn't going to be good either if you couple with the adp earlier in this week. there's reason why we should be surprised. >> yeah, look, you know, if you look at the weekly claims, that was giving me a little bit of hope. adp is not reliable enough to take an indicator. the service sector to me is coming off a touch. but it is still indicating growth. the market is going to -- i think the market gets ahead of itself in terms of what is growth. you still have growth. >> so you that i stocks continue to move higher? >> i think so. what are you going to put your money into, under a mattress? i think you buy property. you buy stocks. >> what sectors do
when i saw that number a month ago, i was worried about payroll tax hikes having potentially hit the market. then what about the sequester influence as well? today's numbers when you look at the revisions make me feel calmer. money has to find a home. and stocks look pretty good. >> there is good reason to be cautious, right? the spring swoon has been real. the data itself hasn't been good. it's led everybody to expect that today's number wasn't going to be good either if you couple with...
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May 8, 2013
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season so i think guys still have a lot of energy but no denying the fact that it's been a physically taxing series and i can't think of too many times i haven't touched the puck and someone has tried to get a piece of your skin after it but that is what makes playoff hockey great and hopefully we are the ones that come out on top. >> thanks, rob. >> no problem. >> this is game four in new york between capitals and rangers. halfway decent scoring opportunity here for rick nash who cannot connect on the rebound. it is scoreless in the early going there. midway through the first period. braden holtby is a perfect 6-0 in his career following a postseason loss. of course, the rangers did win game three. how did they do that? >> good time for the rangers. they had their grinders. their muckers and grinders like boyle and asham contributing for them. we know rick nash can score and we know you can't score every game. i don't care how good you are, it won't happen. having boyle and asham is a big plus for the rangers. >> how much do they miss ryane clowe? >> he was built for the playoffs. big time
season so i think guys still have a lot of energy but no denying the fact that it's been a physically taxing series and i can't think of too many times i haven't touched the puck and someone has tried to get a piece of your skin after it but that is what makes playoff hockey great and hopefully we are the ones that come out on top. >> thanks, rob. >> no problem. >> this is game four in new york between capitals and rangers. halfway decent scoring opportunity here for rick nash...